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Mercari, Inc. (4385.T)

JPY4,771.00 +59.00 (+1.25%)
JP JPX Consumer Cyclical Specialty Retail
Address Roppongi Hills Mori Tower 106-6118
Tokyo, JP
CEO Shintaro Yamada
IPO 2018-06-19
ISIN JP3921290007

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Also trades on Other OTC · MCARY (USD) Other OTC · MRCIF (USD) Tokyo Stock Exchange · 4385.T (JPY)
Description

Mercari, Inc. handles the conceptualization, building, and continuous management of its Mercari marketplace applications for customers in both Japan and the United States. The company, headquartered in Tokyo, Japan, commenced operations in 2013.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY4,771.00 +59.00 (+1.25%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
1.03
Float Shares
103.44M
Free Float %
62.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.90% -0.16% +5.56% +3.98% +45.27% +22.05% +62.64% +41.84% -22.87% -28.04% -28.04%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
4,771.00
DCF (Unlevered) 6,587.14 +38.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 46% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 4 0
Hold 6 -1
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
1.53
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Specialty Retail: +6.4%
    +2.8% Q1'26: +22.3% (vs Q1'25)
  • EPS growth Specialty Retail: +20.6%
    +96.0% Q1'26: +102.8% (vs Q1'25)
  • FCF margin FCF growth · Specialty Retail: +29.3%
    -6.5% Q1'26: -29.9% (vs Q1'25)
  • EBIT margin Specialty Retail: +5.4%
    +14.3% Q1'26: +24.0% (vs Q1'25)
  • ROIC Specialty Retail: +6.5%
    +16.3% Q1'26: +16.1% (vs Q1'25)
  • Share dilution Specialty Retail: +0.1%
    -1.0% Q1'26: +0.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Specialty Retail: 0.14×
    6.78× Q1'26: 4.16× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.00) × ERP
WACC = 76% × Ke + 24% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 6,587.14 Current price: 4,771.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Jun 2018
actual
Jun 2019
actual
Jun 2020
actual
Jun 2021
actual
Jun 2022
actual
Jun 2023
actual
Jun 2024
actual
Jun 2025
actual
Jun 2026
9 Rev. Ana.
10 EPS Ana.
Jun 2027
13 Rev. Ana.
13 EPS Ana.
Jun 2028
12 Rev. Ana.
12 EPS Ana.
Jun 2029
10 Rev. Ana.
9 EPS Ana.
Jun 2030
6 Rev. Ana.
5 EPS Ana.
Revenue
35.77B
est: 36.53B (-2.1%)
51.68B
est: 51.36B (+0.6%)
76.28B
est: 74.08B (+3.0%)
106.12B
est: 105.71B (+0.4%)
147.05B
est: 146.39B (+0.4%)
171.97B
est: 170.35B (+0.9%)
187.41B
est: 189.26B (-1.0%)
192.63B
est: 191.69B (+0.5%)
219.47B
218.08B – 223.89B
+14.5% YoY
239.99B
226.98B – 257.41B
+9.4% YoY
259.49B
255.43B – 263.56B
+8.1% YoY
283.11B
274.30B – 296.50B
+9.1% YoY
322.30B
312.27B – 337.55B
+13.8% YoY
EBITDA
-3.98B
est: 3.58B (-211.3%)
-11.08B
est: 5.03B (-320.3%)
-17.67B
est: 7.26B (-343.5%)
6.06B
est: 10.35B (-41.5%)
-2.87B
est: 14.34B (-120.0%)
19.46B
est: 16.68B (+16.6%)
20.91B
est: 54.73B (-61.8%)
29.41B
est: 55.43B (-46.9%)
63.46B
63.06B – 64.74B
+14.5% YoY
69.40B
65.64B – 74.44B
+9.4% YoY
75.04B
73.86B – 76.21B
+8.1% YoY
81.87B
79.32B – 85.74B
+9.1% YoY
93.20B
90.30B – 97.61B
+13.8% YoY
EBIT
-4.42B
est: 3.21B (-237.6%)
-12.15B
est: 4.52B (-368.9%)
-19.31B
est: 6.52B (-396.3%)
5.21B
est: 9.30B (-43.9%)
-3.69B
est: 12.88B (-128.6%)
16.71B
est: 14.98B (+11.5%)
18.87B
est: 52.38B (-64.0%)
27.58B
est: 53.06B (-48.0%)
60.75B
60.36B – 61.97B
+14.5% YoY
66.43B
62.83B – 71.25B
+9.4% YoY
71.82B
70.70B – 72.95B
+8.1% YoY
78.36B
75.92B – 82.07B
+9.1% YoY
89.21B
86.43B – 93.43B
+13.8% YoY
Net Income
-7.04B
est: -6.16B (-14.4%)
-13.76B
est: -14.73B (+6.6%)
-22.77B
est: -28.68B (+20.6%)
5.72B
est: 4.19B (+36.4%)
-7.57B
est: -9.39B (+19.4%)
13.11B
est: 8.98B (+46.0%)
13.46B
est: 12.06B (+11.6%)
26.11B
est: 18.72B (+39.5%)
28.44B
25.95B – 30.94B
+51.9% YoY
31.20B
30.24B – 39.65B
+9.7% YoY
34.33B
32.18B – 46.22B
+10.1% YoY
39.39B
37.79B – 41.81B
+14.7% YoY
44.78B
42.97B – 47.54B
+13.7% YoY
SGA
33.30B
est: 22.75B (+46.4%)
49.86B
est: 31.98B (+55.9%)
74.08B
est: 46.13B (+60.6%)
75.82B
est: 65.83B (+15.2%)
98.05B
est: 91.15B (+7.6%)
96.88B
est: 106.07B (-8.7%)
110.38B
est: 117.58B (-6.1%)
110.34B
est: 119.09B (-7.3%)
136.35B
135.49B – 139.10B
+14.5% YoY
149.10B
141.02B – 159.92B
+9.4% YoY
161.22B
158.69B – 163.74B
+8.1% YoY
175.89B
170.41B – 184.21B
+9.1% YoY
200.24B
194.00B – 209.71B
+13.8% YoY
EPS
-60.61
est: -36.50 (-66.1%)
-94.98
est: -87.38 (-8.7%)
-147.85
est: -170.05 (+13.1%)
36.42
est: 24.86 (+46.5%)
-47.33
est: -55.66 (+15.0%)
81.28
est: 52.29 (+55.4%)
82.47
est: 70.78 (+16.5%)
159.05
est: 109.87 (+44.8%)
167.61
153.85 – 183.49
+52.5% YoY
201.73
179.33 – 235.11
+20.4% YoY
226.82
190.80 – 274.05
+12.4% YoY
233.56
224.11 – 247.93
+3.0% YoY
265.55
254.80 – 281.88
+13.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B- 3/5 1/5 5/5 4/5 1/5 3/5 1/5
2026-05-11 B- 3/5 1/5 5/5 4/5 1/5 3/5 1/5
2026-05-08 B- 3/5 1/5 5/5 4/5 1/5 3/5 1/5
2026-05-07 B- 3/5 1/5 5/5 4/5 1/5 3/5 1/5
2026-05-01 B 3/5 1/5 5/5 4/5 1/5 3/5 2/5
2026-04-30 B 3/5 1/5 5/5 4/5 1/5 3/5 2/5
2026-04-28 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-27 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-24 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-23 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-22 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-21 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-20 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-17 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-16 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-15 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-14 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-39.58B
OE per share TTM
-234.07
Owner's Yield
-6.33%
Maintenance CapEx ratio
0.86%
Maint CapEx / Avg PPE
3.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
13.26M
Shares Outstanding
164.89M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Sayaka Eda Executive Officer, Senior Vice President of Corporate, Chief Financial Officer & Director 50M female
Masato Yamamoto Executive Officer & Senior Vice President of Japan Business 44M
Shintaro Yamada Co-Founder, Global Chief Executive Officer & Representative Director 16M male
Fumiaki Koizumi President & Chairman of the Board 5M male
Robin Clark Senior Vice President of Special Projects female
Tomohiko Kikuchi Vice President & Chief Legal Officer
Ai Miyakawa Vice President & Chief Human Resources Officer
Yuki Hamada Senior Vice President & Chief Innovation Officer male
Bradford Williams Head of US Communications male
Hiroaki Shintani Vice President & Chief Information Officer
Lisa Lechner Chief Compliance Officer female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend history

Earnings history

Earnings reports

Stock splits